With its numerous all-time highs, the Bitcoin price maintains to amaze a lot of people. this is only to be expected, as the world’s leading cryptocurrency has been flexing its muscles all year long. while financial moguls along with Jamie Dimon might also doubt the ability of Bitcoin, the rest of the world reputedly disagrees. Surpassing US$8,500 for the first time in history is an extremely good feat, specifically for a currency that isn’t even ten years old.ANOTHER ALL-TIME HIGH BITCOIN PRICE $8,500



It is not the first all-time high Bitcoin has seen in q4 of 2017 either, as its momentum turned even more bullish last month. at the time, one Bitcoin became barely worth US$4,500, which changed into a whopping 450% growth from January of this year. In October, few people assumed we would surpass US$6,000, let alone reach US$8,500 before the year was over. it's miles evident there's no preventing Bitcoin right now from reaching that magical US$10,000 mark, even though it will not be smooth by anyway.

considering Bitcoin’s upward push during the last few months, it will be exciting to see how things play out when Christmas comes around. a lot of people will convert small amounts of Bitcoin to fiat for spending purposes. however, the dip may not be as steep as most of the people would really like to see either. There is lots of bullish momentum left in the Bitcoin markets, as this latest all-time high materialized after suffering to maintain the us$8,000 stage those past few days."ANOTHER ALL-TIME HIGH BITCOIN PRICE $8,500"

With over US$4.32 billion in 24-hour trading volume, the global demand for BTC should not be underestimated by any means. it is pretty exciting to look this massive amount of buying and selling volume for Bitcoin right now, as we started the year with around US$1 billion in daily volume. at the time, that turned into considered a major milestone, however, things have surely evolved in a nice direction ever since. it is able to only be a count of time earlier than US$5 billion per day is the new normal, however, it is still too early to mention that for positive.

Bitfinex is still destroying most other exchanges in terms of Bitcoin buying and selling volume. Its USD and ETH markets are each producing six-figure numbers, with the USD market simply within the lead. Bithumb is in second place again, which is right to see. there may be also a large amount of ETH volume emanating from Poloniex, as people are reputedly cashing out their Ethereum income and buying Bitcoin. at the same time, the Ethereum price isn’t budging all that much either, which may create an interesting paradigm moving forward.

How all of this will play out ultimately stays to be visible. With the Bitcoin price over US$8,500 – at the least briefly – the future is asking incredibly bright. at the same time, a higher price will inevitably lead to even more marketplace volatility, which might also spell trouble up ahead. that is an interesting time to be involved with cryptocurrency, regardless of how tons one’s portfolio is worth. this is most effective the start of what is yet to come for Bitcoin and people altcoins which have a real capability.

ANOTHER ALL-TIME HIGH BITCOIN PRICE $8,500 ANOTHER ALL-TIME HIGH BITCOIN PRICE $8,500 Reviewed by mir khaleq ali on 11:00 Rating: 5

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